isa small print

bazhance

Hi People, Is it just me or have a lot of what should be simple mini cash isa's got more complicated.I have spent a couple of hours so far trying to find a good paying cash isa but on reading the small print(yep some of us do) there are conditions.For instance abbey pay a good rate but the interest gets paided out and can't stay in the account and so doesn't compond over the years, alliance and leicester again a good payer but they charge £25 to transfer to a different isa provider, I thought I have found a good one with national counties but if you want to transfer they charge 10 days loss of interest.The best I have found so far is sainsbury at 5.25% with no charges.Unless as they say any of you guys know different??

Walletwatch

If you're ok with a variable rate ISA, and a postal one at that, the Abbey postal ISA doesn't have any of these disadvantages, and offers 5.35% compounded.

grumbler

There is a special 'ISAs...' sub-board here with a lot of information...
If you do not have a lump sum to invest you can also consider regular saving ISAs. Read this THREAD

jimclark1967

bazhance wrote:

Hi People, Is it just me or have a lot of what should be simple mini cash isa's got more complicated.I have spent a couple of hours so far trying to find a good paying cash isa but on reading the small print(yep some of us do) there are conditions.For instance abbey pay a good rate but the interest gets paided out and can't stay in the account and so doesn't compond over the years, alliance and leicester again a good payer but they charge £25 to transfer to a different isa provider, I thought I have found a good one with national counties but if you want to transfer they charge 10 days loss of interest.The best I have found so far is sainsbury at 5.25% with no charges.Unless as they say any of you guys know different??

Mine stays in the account - I have an Abbey Postal ISA

davidcampbell

bazhance wrote:

For instance abbey pay a good rate but the interest gets paided out and can't stay in the account and so doesn't compond over the years, QUOTE]


the abbey account you mention is a 2, 3 or 4 years fixed rate isa, paying in £3k minimum to open it.

DC

bazhance

Thanks to everyone that replied,I have also read the sub-thread and will check out the info before making a up my mind as to who I grace with my £3000.It just goes to prove that its not all in the headline rate.Cheers